| WHO CAN BUY PROPERTY? |
Private
Company |
Close Corporation |
Partnership |
Trust |
Natural
Person |
| WHO MAY BE MEMBERS? |
1 to 50 natural and/or legal persons |
1 to 10 natural persons |
2 to 20 natural and/or legal persons |
Parties to a Trust are:
1) the founder
2) the trustee/s
3) the beneficiary/ies |
Not applicable |
| HOW IS IT FORMED? |
Registration at the Registrar of Companies by filing:
1) Memorandum
2) Articles of Association
3) Certificate of Incorporation |
Registration at the Registrar of Companies by filing:
1) Founding statement
2) Certificate of Incorporation |
Partners enter into a valid agreement. It is advisable to reduce the terms of the partnership agreement in writing |
Registration at the Master of the High Court by virtue of:
1) an agreement (inter vivos trust)
2) will (mortis cause trust)
3) Court Order
4) Statute |
Not applicable |
| DOES IT HAVE LEGAL PERSONALITY? |
Separate legal entity |
Separate legal entity |
Not a separate legal entity |
Not a separate legal entity |
Separate legal entity |
